How Will the Trends of 2013 Affect You in the New Year?

Happy New Year! It's 2014: are you wondering where the real estate market is headed? Where will interest rates go? Will the average housing price change? Before we launch head first into a forecast of the future, let's take a look back at 2013, and see how those trends will affect us going forward.

As you may know, we had historically low inventory numbers in 2013, and this led to a big 24% rise in appreciation. Nevada County also had 1,500 sales which is comparable to our peak in 2006. So what does this have to do with 2014? There are buyers on the market now and we have low inventory. In fact, right now inventory is at 363 homes. Take advantage of a seller’s market and sell now. There may be more buyers in the spring, but the buyers looking right now have a lot less options. And less competition will give you a higher return.

If you or anyone you know is thinking about selling, give me call at 530.273.0073 or send me an email at kurt@kurtcongdon.com Let’s talk about what your home is worth and how we can get it on the market now!